Brazil steelmaker Usiminas net income jumps on economic rebound

1 分钟阅读

SAO PAULO, April 20 (Reuters) - Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA reported net income of 157 million reais ($46.4 million) in the first quarter, a 45 percent rise from a year earlier, amid an economic rebound that boosted net revenue, it said on Friday.

The steelmaker, known as Usiminas, said adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a gauge of operating profitability, was 622 million reais in the period, up from 528 million reais. Net revenue rose 38 percent to 3.2 billion reais from a year earlier, the company said.